Qube Research & Technologies Ltd Buys 6,136 Shares of The Toronto-Dominion Bank (NYSE:TD)

Qube Research & Technologies Ltd raised its stake in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 159,795 shares of the bank’s stock after purchasing an additional 6,136 shares during the period. Qube Research & Technologies Ltd’s holdings in Toronto-Dominion Bank were worth $12,691,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TD. Allspring Global Investments Holdings LLC bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $1,686,000. Yousif Capital Management LLC bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $2,172,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $330,000. CWM LLC bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $200,000. Finally, Calamos Advisors LLC bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $1,538,000. Institutional investors own 50.00% of the company’s stock.

Toronto-Dominion Bank Trading Down 0.1 %

Shares of TD stock opened at $64.48 on Friday. The Toronto-Dominion Bank has a 1 year low of $58.64 and a 1 year high of $86.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $66.89 and its two-hundred day simple moving average is $74.00. The company has a market cap of $116.50 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last issued its quarterly earnings results on Thursday, May 26th. The bank reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.13. Toronto-Dominion Bank had a return on equity of 15.98% and a net margin of 24.49%. The firm had revenue of $11.26 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts predict that The Toronto-Dominion Bank will post 6.4 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Friday, July 8th were issued a $0.692 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $2.77 annualized dividend and a dividend yield of 4.29%. Toronto-Dominion Bank’s payout ratio is 43.15%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. CIBC lowered Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating in a research note on Monday, April 11th. Credit Suisse Group boosted their target price on Toronto-Dominion Bank from C$102.00 to C$103.00 in a research report on Friday, May 27th. Stifel Nicolaus decreased their target price on Toronto-Dominion Bank from C$97.00 to C$93.00 in a research report on Wednesday, July 13th. National Bank Financial boosted their target price on Toronto-Dominion Bank from C$100.00 to C$102.00 in a research report on Friday, May 27th. Finally, Scotiabank decreased their target price on Toronto-Dominion Bank from C$105.00 to C$102.00 in a research report on Friday, May 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $100.66.

About Toronto-Dominion Bank

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

See Also

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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